Masco Corporation $MAS Shares Sold by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors LLC reduced its stake in Masco Corporation by 14.2%, now owning approximately 0.10% of the company, valued at about $14.6 million.
• Masco's stock has seen several analysts adjust their price targets, with JPMorgan Chase & Co. raising their target from $65 to $74 and Royal Bank of Canada increasing theirs from $62 to $71.
• The company reported a quarterly EPS of $1.30, exceeding estimates, but its revenue declined 1.9% compared to the previous year, prompting a FY 2025 EPS guidance of $3.90 to $4.10.

Foster Victor Wealth Advisors LLC reduced its position in Masco Corporation (NYSE:MAS - Free Report) by 14.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,906 shares of the construction company's stock after selling 36,363 shares during the quarter. Foster Victor Wealth Advisors LLC owned about 0.10% of Masco worth $14,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MAS. Vanguard Group Inc. grew its stake in Masco by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock worth $1,883,985,000 after buying an additional 984,403 shares during the last quarter. Invesco Ltd. grew its stake in shares of Masco by 47.4% during the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock worth $289,253,000 after acquiring an additional 1,337,889 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Masco by 4.2% during the first quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company's stock valued at $269,972,000 after acquiring an additional 155,351 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Masco by 2.9% in the 1st quarter. Ameriprise Financial Inc. now owns 2,535,098 shares of the construction company's stock valued at $176,291,000 after purchasing an additional 71,881 shares during the last quarter. Finally, Amundi boosted its stake in Masco by 13.7% in the 1st quarter. Amundi now owns 2,132,663 shares of the construction company's stock worth $145,254,000 after purchasing an additional 257,572 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank Of Canada lifted their price target on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. JPMorgan Chase & Co. upped their price target on shares of Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Finally, Robert W. Baird lowered Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective for the company. in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $74.60.

Insider Transactions at Masco

In other Masco news, insider Jai Shah sold 82,910 shares of Masco stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $76.04, for a total value of $6,304,476.40. Following the completion of the transaction, the insider directly owned 39,638 shares of the company's stock, valued at $3,014,073.52. The trade was a 67.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction of $181,401.22. Following the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. This represents a 16.80% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Masco Trading Up 0.6%

Shares of MAS stock opened at $71.46 on Wednesday. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The firm has a market cap of $14.96 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a 50-day moving average of $71.28 and a two-hundred day moving average of $66.90. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.08 by $0.22. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. During the same period in the prior year, the business posted $1.20 EPS. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 8th. Masco's payout ratio is currently 32.89%.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.

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